Navigation Links
Naurex Names Dr. Norbert G. Riedel President and Chief Executive Officer
Date:1/8/2014

EVANSTON, Ill., Jan. 8, 2014 /PRNewswire/ -- Naurex Inc. today announced that Norbert G. Riedel, Ph.D., has been named president and chief executive officer effective January 1, 2014. Naurex's founding chief executive officer Derek Small will continue as a director of the company. 

Naurex is a biopharmaceutical company developing therapies to treat diseases of the central nervous system based on the company's proprietary platform for discovering novel compounds that act at the NMDA receptor to modulate neuronal plasticity. Its lead molecule, GLYX-13, has shown rapid-acting antidepressant activity with excellent safety in a single-dose Phase 2a clinical trial in subjects who had failed treatment with existing agents, producing statistically significant reductions in depression scores within 24 hours that lasted several days. GLYX-13 is currently in a Phase 2b repeat dose study as adjunctive therapy for major depressive disorder. Naurex's 2nd-generation antidepressant, NRX-1074, is in Phase 1 clinical studies.

"Norbert's deep knowledge of the global pharmaceutical industry spans general management, strategy and investor relations as well as R&D and new product commercialization," said Bill Gantz, executive chairman of Naurex.  "We are delighted that he is taking the helm at this important time for the company. His track record in successfully managing the development and commercialization of both pharmaceutical and biotechnology products will be invaluable as Naurex moves to the next stage. We also want to acknowledge the seminal role Derek Small has played as founding CEO in growing Naurex from a start-up to a recognized neuropharmaceutical innovator with two rapid-acting antidepressant candidates in clinical trials and a promising earlier-stage pipeline. We look forward to Derek's continuing contributions as a Naurex director."

"Naurex is applying its novel technology platform to develop therapies for disorders of the central nervous system and has advanced innovative molecules into clinical development in depression," said Dr. Riedel. "As a Naurex director, I have come to appreciate the transformational potential and breadth of applications of the company's technology platform aimed at modulating neuronal plasticity through molecules acting at the NMDA receptor."

Dr. Riedel continued, "I am impressed by the skill and commitment of our management and staff and consider it a privilege to lead this team as we strive to bring our rapid-acting antidepressants to the millions of patients in need of new options as expeditiously as possible. I want to thank Derek Small for his outstanding work in advancing the company to this stage and look forward to continue working with Derek as a director of our distinguished board."

After 15 years of service, Dr. Riedel recently retired from Baxter International, a diversified healthcare company, as corporate vice president and chief science and innovation officer. Earlier in his tenure, Dr. Riedel was president and general manager of the recombinant proteins unit and vice president of research and development for Baxter's Bioscience business. Previously, Dr. Riedel was head of worldwide biotechnology and core research functions at Hoechst Marion Roussel, now Sanofi. He also held a number of scientific management positions at Hoechst-Marion Roussel and Hoechst. Dr. Riedel serves on the boards of Jazz Pharmaceuticals, Ariad Pharmaceuticals and the Illinois Biotechnology Industry Organization. Dr. Riedel is a member of the Austrian Academy of Sciences and was appointed by Governor Pat Quinn to serve on the Illinois Innovation Council. He is an adjunct professor of biochemistry and medicine at Boston University School of Medicine and adjunct professor of medicine at Northwestern University's Feinberg School of Medicine. Dr. Riedel received a Diploma and Ph.D. from the University of Frankfurt and was a postdoctoral fellow at Harvard University and a visiting professor at the Massachusetts Institute of Technology.

About Naurex
Naurex is a clinical-stage biopharmaceutical company developing products to treat diseases of the central nervous system (CNS). The company's lead compound, GLYX-13, has shown promising rapid-acting antidepressant activity with excellent safety and no psychcomimetic side effects in a Phase 2a clinical trial. GLYX-13 is currently in a Phase 2b repeat dose study as adjunctive therapy for major depressive disorder. Naurex's 2nd-generation antidepressant is in Phase 1 clinical trials. Naurex's proprietary platform is focused on discovering novel compounds that act at the NMDA receptor to modulate neuronal plasticity and hold therapeutic potential for a number of CNS indications. For more information, visit www.naurex.com.

Contacts:
Naurex Inc.
Ashish Khanna
Vice President, Corporate Development
T: 847-871-0377
corporate@naurex.com

Media and Investors
Russo Partners, LLC
Robert Flamm, Ph.D.                            
Matt Middleman, M.D.
T: 212-845-4226                                    
T: 212-845-4272
robert.flamm@russopartnersllc.com
matt.middleman@russopartnersllc.com


'/>"/>
SOURCE Naurex Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Naurex Announces Issuance Of New Patent For Novel Antidepressant GLYX-13
2. DiversityInc Names Lilly a Top Company for Diversity
3. Axis Global Logistics Names Mr. Thomas Brennan, Vice President Strategic Accounts & Life Sciences
4. Watson Names Lisa DeFrancesco Vice President, Global Investor Relations
5. myMatrixx Names Craig Rollins, Vice President of Ancillary and Business Development
6. Bausch + Lomb Names John Barr Global President Surgical
7. Forbes Names Pharmalot, a UBM Canon Pharmaceutical Media Group Brand, as a Top Social Media Influencer
8. Wake Forest Baptist Names President of Piedmont Triad Research Park and Chief Innovation Officer
9. EvaluatePharma Names Debbie Paul CEO, Americas to Lead Growth in Key Region
10. Medical Oncology Association of Southern California Purchasing Network (MPN) Names Cardinal Health Specialty Solutions as its Primary Healthcare Solutions Partner
11. MedVantx Names New VP Employer Solutions and Workplace Health
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/5/2016)... Dec. 5, 2016   Mallinckrodt Pharmaceuticals (NYSE: ... company, today announced that it received a perfect score ... (CEI), a national benchmarking survey and report on corporate ... transgender (LGBT) workplace equality, administered by the Human Rights ... major U.S. businesses which also earned top marks this ...
(Date:12/5/2016)... , Dec. 5, 2016 Special purpose needles are ... such as fluid and cells from organs or lumps and ... and sizes. The global market for special purpose needles is ... In terms of revenue, the global special purpose needles market ... the forecast period (2016–2026) and is expected to be valued ...
(Date:12/5/2016)...   Lexicon Pharmaceuticals, Inc. (Nasdaq: ... 2 clinical study of sotagliflozin, a dual SGLT1 and ... the leading global organization funding type 1 diabetes research. ... trial, which randomized a total of 87 patients, was ... dose of sotagliflozin compared to a placebo control in ...
Breaking Medicine Technology:
(Date:12/6/2016)... ... December 06, 2016 , ... TopConsumerReviews.com recently gave a best-in-class 5 star rating ... Scooters give freedom to people who need help getting around. For some, advancing age ... long period of rehabilitation after an illness or accident. There is a wide variety ...
(Date:12/6/2016)... ... December 06, 2016 , ... "Add realistic flares and ... flash, and flare from clip to clip with high quality 4K lens flare footage," ... Jewel contains 44 lens flares filmed on the RED Dragon. Utilizing the Dragon Sensor, ...
(Date:12/5/2016)... ... December 05, 2016 , ... What: Shriners Hospitals for Children, with ... to our patients – using a video monitor and web-enabled camera. Santa visits with ... the Auditorium into a Christmas Wonderland, which is where the video connection to the ...
(Date:12/5/2016)... ... December 05, 2016 , ... ... Surgery, is excited to announce the arrival of the newest Sciton laser in ... the ability to use tunable non-ablative and ablative wavelengths for exceptional results. Outperforming ...
(Date:12/5/2016)... ... December 06, 2016 , ... For many years, ... , both thick and thin. The beauty of the Lithuanian language and ... , In this poetry book, Zubinas lyrically explores all aspects of a living, breathing ...
Breaking Medicine News(10 mins):